Picture this: A booming stock market era where the spotlight is cast firmly on the exciting world of AI stocks. We’re not talking about a distant, fuzzy scenario. The year is 2024, and the AI revolution is turbo-charging the financial markets.
“AI is to the 21st century what the industrial revolution was to the 18th. It’s a game-changer, a field leveller, and above all, a wealth generator. Those who position themselves smartly within the AI sector are the ones who will reap the most rewards.”
– Forbes, 2023
I firmly believe this and I’m about to let you in on a little secret: The biggest winners in the stock market game are not always the high-profile large-cap stocks. The hidden gems? Small-cap stocks. And in the AI sector, they’re like dynamite waiting to explode. Their affordability makes them accessible, and their growth potential can turn your modest investment into a seductive profit. So, ready to dive into the world of small-cap AI stocks?
- Innodata Inc. (NASDAQ:INOD) : At a trading value of $8.25, it’s one of AI’s best-kept secrets.
- FiscalNote Holdings Inc. (NYSE:NOTE) : This little titan, trading at $1.07, is geared up to make a big noise.
- Desktop Metal, Inc. (NYSE:DM) : At $0.69, it’s the underdog of the AI market with a bite.
Join me as we unravel the dynamism of these stocks, and learn why they could potentially offer a golden opportunity. Into the future we flux, where AI and stock-trading intersect!
Innodata Inc. (NASDAQ:INOD)
Let’s start by discussing Innodata Inc., an exclusive AI company available at an enticing price of $8.25. Recognized for its pioneering approach in automating data exchanges, Innodata extends groundbreaking solutions infused with AI technologies such as machine learning and natural language processing. As foreseen by a report published by Forbes, the AI sector is projected to attain an impressive $190.61 Billion by 2025, demonstrating a CAGR of 36.62% during 2020-2025. Given the trajectory of this industry expansion, Innodata stands to gain significantly.
A recent article on Yahoo Finance elaborated on Innodata’s potential, reporting that the company achieved a remarkable 35% growth in revenue in the last financial year. Innodata Inc. has been acknowledged globally for offering services and technological remedies that fuse AI and machine learning to unravel complex business conundrums.
FiscalNote Holdings Inc. (NYSE:NOTE)
FiscalNote Holdings Inc., available for a tempting $1.07, is a rising star in the blossoming realm of artificial intelligence. This company is stepping up the game in the legal and regulatory industries with its potent AI-powered offerings. Notably, Ban Ki-moon, the former UN Secretary-General has personally heralded the company’s technology, stating
“FiscalNote represents a paradigm shift in shaping policy, advocacy, and decision-making globally with its groundbreaking software.”
Something is exciting about being on the cusp of such innovation and market potential!
The customer base of FiscalNote Holdings Inc. (NYSE:NOTE) has surged by a remarkable 50% in the final quarter of 2023. This powerhouse leverages artificial intelligence to provide predictive analytics to businesses and governmental bodies, fine-tuning their decision-making processes.
Desktop Metal, Inc. (NYSE:DM)
Stepping into the spotlight now is Desktop Metal, Inc, with its shares trading at a humble $0.69. The name is making strides in the sector of manufacturing, utilizing AI-operated 3D metal printing technology. The potential of this stock has been highlighted by projections from McKinsey & Company, indicating that the economic impact of additive manufacturing could reach an impressive scale of $100 billion to $250 billion by 2025.
Professional tech analyst Daniel Newman brought our attention to this gem, commenting on the company’s financial state,
“Considering how DM’s existing stock price is low, the foreseen expansion in the long run and future-oriented revelations make for a compelling investment.”
Desktop Metal, Inc. (NYSE:DM) has enthusiastically introduced a new AI-guided software dedicated to 3D printing. The sales figures for Desktop Metal Inc., have seen an encouraging climb, rising by 40% since the release of its innovative software.
AI innovation is at the helm of each of these companies, poised to steer them into prosperous waters. As the old Chinese proverb goes, “The best time to plant a tree was 20 years ago. The second best time is now”. I believe this is entirely applicable to these AI stocks. By taking a stake in them now, you are planting your investment tree that could bear substantial fruit in the coming years.
If you’re just as excited as I am about the possibilities of AI technology and its impact on the future landscape of stocks, these are companies you won’t want to overlook. So, without further ado, let’s dig deeper into why these 3 gems are ones to watch.